THE NEW HOUSE, MORNINGSIDE, TENBURY WELLS, WR15 8EW - £375,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE NEW HOUSE is a very large extended detached house of 147m², built sometime between 1930 and 1949. It was last sold for £375,000 in February 2021, which was around 6% below the average February 2021 detached price in the Malvern Hills local authority area. The most recent EPC inspection was June 2015, where the current energy rating was E, and the potential energy rating was C.

THE NEW HOUSE Sold Prices

Land registry data shows two sales for THE NEW HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Malvern Hills local authority area for the corresponding sale date. Both of the two THE NEW HOUSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 23 FEB	£375,000	£397,844	6% below HPI
1998 23 FEB	£75,000	£105,618	29% below HPI

THE NEW HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Malvern Hills local authority area over time, sourced from the HPI. The two THE NEW HOUSE sales from February 1998 and February 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 1998 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2021 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is THE NEW HOUSE?

THE NEW HOUSE is 147m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the largest 20% of detached houses in Tenbury Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Tenbury Wells, and where THE NEW HOUSE lies on this distribution: 82% of detached houses are smaller than THE NEW HOUSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Tenbury Wells.

THE NEW HOUSE: Plot and Title Map

THE NEW HOUSE sits on a plot of roughly 0.405 of an acre, or 1,639m². The below map shows the location of THE NEW HOUSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of THE NEW HOUSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is THE NEW HOUSE?

THE NEW HOUSE is located on MORNINGSIDE in TENBURY WELLS, in the WR15 postcode district. The below map shows the position of THE NEW HOUSE on MORNINGSIDE.